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Jul 8, 2011
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there is a big income divide. affluent republicans say it is more important to reduce the deficit but poorer republicans, middle class and lower middle class republicans say no, no, protect our benefits. >> woodruff: and are these attitudes, andy, that have changed over time with all the attention that's now being give tone the size of the debt and the urgency of the problem. >> you know, people are willing to do a lot of things to reduce this deficit. the concern is at an all-time high but when it comes to entitlements, there's no movement. it really is rock solid when we see 2 to 1 margins. >> and again entitlements meaning social security. >> and even medicaid, having states raise -- make it -- reduce eligibility for medicaid, not 2 to 1 but a solid majority say no let's not do that. >> woodruff: naftali -- with public opinion aside, what sort of divide or is there one among the leadership in the democratic or republican parties between the rank and file. >> i think that is one of the most interesting dynamics
there is a big income divide. affluent republicans say it is more important to reduce the deficit but poorer republicans, middle class and lower middle class republicans say no, no, protect our benefits. >> woodruff: and are these attitudes, andy, that have changed over time with all the attention that's now being give tone the size of the debt and the urgency of the problem. >> you know, people are willing to do a lot of things to reduce this deficit. the concern is at an all-time...
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Jul 22, 2011
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the company became a pioneer of the big-box bookseller concept. at its peak in 2003, borders had more than 1,200 stores around the country, each with thousands of new titles. the company says a host of factors led to its demise, including the turbulent economy; the move away from brick and mortar stores to online retailers and the rise of e- readers, like the kindle, ipad, and nook. more on this story now from annie lowery, who's followed it as a business writer for the online magazine "slate." welcome to you. >> thank you. >> brown: now part of this is, of course, about larger trends of the internet's impact on the book business. but borders also made its own mistakes, i guess, along the way. >> absolutely. >> brown: what happened? >> it's not an easy climate for any retail business or for anybody selling books, obviously. but borders made some strategic mistakes. first and foremost they had a very, very tennuous relationship with the internet. they actually outsourced the sale of a lot of their books on-line from 2001 to 2008 to amazon. and on t
the company became a pioneer of the big-box bookseller concept. at its peak in 2003, borders had more than 1,200 stores around the country, each with thousands of new titles. the company says a host of factors led to its demise, including the turbulent economy; the move away from brick and mortar stores to online retailers and the rise of e- readers, like the kindle, ipad, and nook. more on this story now from annie lowery, who's followed it as a business writer for the online magazine...
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Jul 28, 2011
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. >> that money could make a big difference to a lot of people. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: it was decision day in the house of representatives today as speaker john boehner faced a key test of his leadership, four days before the u.s. government could face default. "newshour" congressional correspondent kwame holman begins our coverage. >> reporter: house republicans pushed forward with a vote today on the speaker's plan, even as the measure faced a white house veto threat and a firm wall of opposition in the democratic- controlled senate. boehner's plan would cut the deficit by $917 billion over the next decade by capping the budgets of federal agencies. the proposal would also raise the debt ceiling by $900 billion enough to allow the g
. >> that money could make a big difference to a lot of people. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: it was decision day in the house of...
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Jul 1, 2011
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>> well, i think it's a cautionary tale for the big media companies and the big tech companies who perhaps wish to acquire a lot of these companies. they're a lot harder to monetize than you think. and this is a business that moves very fast. and when you look at something like myspace, when it first sold to newscorp in 2005, there was much excitement about the fact it had the most users and it was the biggest. but we saw facebook, at that time very fine-- tiny, compute better and fast or the business. myspace lost because newscorp failed to execute, in my opinion and because they didn't focus on the technology at the time and their competitors did. i think that's a danger for any business in any industry. i don't think it necessarily is a suggestion that we're going to see the explosion of a number of healthy-- potentially healthy business in this field. >> suarez: and, josh, when we talk about myspace, we're looking at, as jessi mentioned, a company that was a leader in its field. so as they always say in the financial services commercials-- past performance is no prediction of future va
>> well, i think it's a cautionary tale for the big media companies and the big tech companies who perhaps wish to acquire a lot of these companies. they're a lot harder to monetize than you think. and this is a business that moves very fast. and when you look at something like myspace, when it first sold to newscorp in 2005, there was much excitement about the fact it had the most users and it was the biggest. but we saw facebook, at that time very fine-- tiny, compute better and fast or...
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Jul 4, 2011
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that's the big difference between the nba and the nfl. the nba owners and management are actually asking concessions from their players. >> howard beck, what would you add to that? help us understand the divide between the owners and the players in basketball. >> well, it basically breaks down along two lines for the nba. there's the philosophical or the stuck toural side of thisçç which is that they want to impose this hard salary cap instead of the soft cap which has all kinds of exceptions that allow teams to go past the cap limit on payrolls and a hard cap which would be an all-time first for the nba, something that players have been fighting against for decades really, ever since the sort cap system went into place. there's the structural. the other side is just the straight financial division of the revenues which are near $4 billion. currently the players make about 57%. the owners are saying they want to ratchet it down to more of a 50-50 split. even within that it's a redefined revenueç kol that they want to split 50-50. wha
that's the big difference between the nba and the nfl. the nba owners and management are actually asking concessions from their players. >> howard beck, what would you add to that? help us understand the divide between the owners and the players in basketball. >> well, it basically breaks down along two lines for the nba. there's the philosophical or the stuck toural side of thisçç which is that they want to impose this hard salary cap instead of the soft cap which has all kinds...
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Jul 3, 2011
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>> the big yachts? >> the big yachts! [everyone talking at once] >> don't you think this is more joe the plumber stuff he he says he wants to spread -- >> it's small -- small -- [everyone talking at once] >> small board demagoguery. >> i favor higher taxes on the rich, on the wealthy without question as part of this package. but if you can't get it for the reasons patted described, it's ridiculous to -- it's not going to go anywhere. >> for people like you and we want you to invest, we want you to invest in new properties. we want to you take risks. and -- maybe you can support t maybe you can't. some of you can't. but the 1 who take the risks are the one who have the money. and they do take the risk because of >>> the u.s. flag's colors and patterns are mimicked on walk shorts, bathing suits, even thongs. the supreme court decision texas versus johnson 22 years ago affirmed that even if you burn the flag or pour acid on the flag or deficate on the flag, it is not a misdemeanor and certainly knoll a felony therefore. it i
>> the big yachts? >> the big yachts! [everyone talking at once] >> don't you think this is more joe the plumber stuff he he says he wants to spread -- >> it's small -- small -- [everyone talking at once] >> small board demagoguery. >> i favor higher taxes on the rich, on the wealthy without question as part of this package. but if you can't get it for the reasons patted described, it's ridiculous to -- it's not going to go anywhere. >> for people like...
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Jul 9, 2011
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gates hada big role in yes, did. >> gohead. >>ea i think they'll center to try to cut the @@defense buet by, i don't know,@0 -- 50, 100 billion, dollars00 billion is the numbe" i've seen over 10 years. >> okay with reducing the budget? >> yes. >>worry you? >> china -- >> if we don't maintain a@ position of worl military superiority we won't be the number one in the@wod, check? >> if we let our economy down the toilet, we won't be number one in the world@either. and we cat afford this! >> we're not number one militaly in the world -- in @@ our -- in our circumstances. we will still -] @@not be the number one [everyone talki at once] worlds power? next 15 countries we'll still power. number one military [everyone talking at once]@@ >> nal power and counterinsurgency. that where you'll see the >> we center to maintain military superiority ove" everyone to be the worlds's number >>> issue four, brace for impact! ptain chelsea sullenberger visited the aviation museum in north carolina for the arrival of the u.s. airways plane that h
gates hada big role in yes, did. >> gohead. >>ea i think they'll center to try to cut the @@defense buet by, i don't know,@0 -- 50, 100 billion, dollars00 billion is the numbe" i've seen over 10 years. >> okay with reducing the budget? >> yes. >>worry you? >> china -- >> if we don't maintain a@ position of worl military superiority we won't be the number one in the@wod, check? >> if we let our economy down the toilet, we won't be number one...
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Jul 17, 2011
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i think he wants a big deal. i think he will take cuts that contracts won't want and take taxes. because his presidency and the future of the country -- he believes -- [everyone talking at once] >> socialistic. that what you're saying. >> vaguely socialistic, yes. >> when they came out with the report he said -- >> what is that report? >> that's a report that deals with the long-term deficit problems of this country. >> they recommend taxation, do they not. >> they had a whole series of recommendations, and the president said i will stand by what they did, except they're still waiting for him to stand by them. >> he's never taken it seriously, in not in his budget, not in his budget state, know when bowl simpson came city. not when they wanted a clean debt limit increase. so that he is winning a debate over the fiscal future of the country is astonishing! and. >> but he's keeping something else off page one! what is it? >> this is a genuine. >> the unemployment problem? it doesn't even figure in this. >> could not keep unemployment off the front page. it doesn't have to be on the
i think he wants a big deal. i think he will take cuts that contracts won't want and take taxes. because his presidency and the future of the country -- he believes -- [everyone talking at once] >> socialistic. that what you're saying. >> vaguely socialistic, yes. >> when they came out with the report he said -- >> what is that report? >> that's a report that deals with the long-term deficit problems of this country. >> they recommend taxation, do they not....
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Jul 30, 2011
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that's a big drop! why that big cleavage? >> that's a huge -- very good question, john. that's an e norming change. >> did we have problem with the commerce department. >> they try to make the job numbers look as good as possible when they come out. when they -- >> you mean when they're bad, they try to make them look good? >> as good as possible. when they do revisions they find out the assumptions they made were inaccurate. they estimate how many jobs are created by companies that started. they estimate a certain number of startups, then they find out, guess what, they didn't have that number of startups. it's a statistical effort to make this, and they have overstated -- >> who is controlling their efforts to do that? is that just the instincts of federal workers? [everyone talking at once] >> they're bureaucrats, they're professionals and they are doing the best they can. this is no more a conspiracy than the media extra that you seem to think -- >>> know, this is politics! and it's not heal fum for his re-election. so a call comes from the white house. you can use a
that's a big drop! why that big cleavage? >> that's a huge -- very good question, john. that's an e norming change. >> did we have problem with the commerce department. >> they try to make the job numbers look as good as possible when they come out. when they -- >> you mean when they're bad, they try to make them look good? >> as good as possible. when they do revisions they find out the assumptions they made were inaccurate. they estimate how many jobs are created...
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Jul 16, 2011
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gwen: i want to take us into a big think at the end. we've been all covering washington for a -- number of years, and each time this happens we know we're going to come up with a deal at the end. but this time it feels shakier somehow. is it possible anymore to get broad bipartisan agreement on important things as long as each side as dug in their heels? >> absolutely not. this week we see no aleagues shattered. not -- now that the republicans have a measure of responsibility they will help us govern. they were wrong. second, i think obama has elected that we were moving into a post-partisan era. when all the old battles of the right or left, the clintons thinking of doing was over. they're still republicans. they're not like democrats. there are still quite a few of them. one thing about the republican party you can say this week, it's not post partisan. >> the lame duck session, which wasn't so long ago achieved a lot but with a bunch of members of congress who had been shoate vo -- voted out of awes. gwen: which is the only way they
gwen: i want to take us into a big think at the end. we've been all covering washington for a -- number of years, and each time this happens we know we're going to come up with a deal at the end. but this time it feels shakier somehow. is it possible anymore to get broad bipartisan agreement on important things as long as each side as dug in their heels? >> absolutely not. this week we see no aleagues shattered. not -- now that the republicans have a measure of responsibility they will...
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Jul 20, 2011
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. >> yes, she made a big point in the hearings this afternoon saying she hadn'tbeen to downing street while david cameron was prime minister and contrasted it with the fac she'd been there a l under gordon brown and tony blair and the reason she hasn't been to downing street is she doesn't have to. they see each other ithe country side in the little village and easier to meethere an gng to downing street and have it in the papers. >> the solution to bad journalism has been more journalism and government has been far and ay bystanders and i don't think the committee hearing did a lot to change that. i think the lines of inquiry will continue to advance will come from the guardian and new york times and will come from the wall street journal and probably not from the mps of parliament. >> charlie: but including the wall street journal. >> wall street journal i thought was hilarious the other day saying there's an editorial saying you're all doing overkill there's so much and all hard-hitting. you have a $40 billion company to close a 168-year-old newspaper and ten people arrested, a pie
. >> yes, she made a big point in the hearings this afternoon saying she hadn'tbeen to downing street while david cameron was prime minister and contrasted it with the fac she'd been there a l under gordon brown and tony blair and the reason she hasn't been to downing street is she doesn't have to. they see each other ithe country side in the little village and easier to meethere an gng to downing street and have it in the papers. >> the solution to bad journalism has been more...
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Jul 15, 2011
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the big stories. when i was a journalist starting out 30 years ago, part of your job was to stop people seeing your front pages until it was on thenewsstand. now the front page is you're trng to finish it at 8:00 in the evening so you can get it on to the t.v. screens. that's the way you're marketing yourself. it's a complete changehich i find it very, very hard to adapt to. in that pursuit of big-impact journalism, some newspapers really have reached a point where anything will go. absolutely anything. and the one term i thi this guy, paul mcmullen who goes on the television the will say, look, we all did it, none of us thought it was wrong and the people that taught me did it as well. they have to make an impact and they'll stop at nothing to do it. >> rose: this is the guy that talked to hugh grant when hugh grant was secretly recording him. >> that's right. >> rose: catherine, what is the damage t newscorp and what is the damage to rupert murdoch? >> well, again... i mean, as just said, you could
the big stories. when i was a journalist starting out 30 years ago, part of your job was to stop people seeing your front pages until it was on thenewsstand. now the front page is you're trng to finish it at 8:00 in the evening so you can get it on to the t.v. screens. that's the way you're marketing yourself. it's a complete changehich i find it very, very hard to adapt to. in that pursuit of big-impact journalism, some newspapers really have reached a point where anything will go. absolutely...
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Jul 30, 2011
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conversation about a big issue. gwen: they forced a big conversation. >> at some point you have to say to yourself -- i'm saying, any party, what are our goals, what did we achieve and how do we consolidate them. >> the republicans should feel really good right now because the bill that boehner put through was improved in a way to collect even more conservative votes and so it's much more -- gwen: you're saying the democratic base should be more unhappy if they're paying attention to what's on the table now. >> exactly and i think the democratic base won't be happy no matter how this turns out but i think it's entirely possible that over the next 48 or 72 hours that the republican base will become really frustrated and angry because what -- there was one long-time, congressman tom cole, been around washington for a long time, he said this week, there's a lot of learning going on in our caucus and they're learning they don't own the senate and they can't push pure snow what their proposal is and it was his estimation
conversation about a big issue. gwen: they forced a big conversation. >> at some point you have to say to yourself -- i'm saying, any party, what are our goals, what did we achieve and how do we consolidate them. >> the republicans should feel really good right now because the bill that boehner put through was improved in a way to collect even more conservative votes and so it's much more -- gwen: you're saying the democratic base should be more unhappy if they're paying attention...
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Jul 11, 2011
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it seems the easiest thing to do would do -- to do the big blockbusters. >> it is something that looks like that from the outside than it actually is. with the reduction of oscillates from all studios, movies are harder and harder to get made every year. they are less and less prominent. especially parts for me. you could sit back and wait for somebody to hand you something. those things happen every once in a while. but when you see a movie like this that this special and interesting, this had to come from outside. you have to get behind a project like that to make happen. tavis: that is a loaded statement, parts for me. unpack that. >> when there are less parts in general, there are less parts for people who gets less parts anyway. [laughter] it is less sales, less roles. you have to hustle. it is a grind. tavis: at this point, are you looking for high-quality material? there is a comedic elements to it. are you in that vein? or it turns out that the things we're talking about, you can do comedy as well? >> i have 0 is done both. it is just the dramatic roles have made more noise and
it seems the easiest thing to do would do -- to do the big blockbusters. >> it is something that looks like that from the outside than it actually is. with the reduction of oscillates from all studios, movies are harder and harder to get made every year. they are less and less prominent. especially parts for me. you could sit back and wait for somebody to hand you something. those things happen every once in a while. but when you see a movie like this that this special and interesting,...
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Jul 18, 2011
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that to me is a big issue. tavis: i spoke with a lot of kids in shanghai and beijing. there were some migrant kids who were getting a chance to get an education. there were also some well-to-do kids. many of them wounded mitt it and some would not. if you got them into an honest and authentic conversation, they would admit that they do feel the pressure. this single-child policy means that you are the only child, obviously. you have parents to take care when they get older and all of this responsibility rests on your shoulders because of the sheer numbers. there are only so many seats in the colleges and universities in southern china. if you get into one of those seats, there are only so many jobs, given the billions of people that live in china. i am raising that to ask what you think the long-term impact will be of this one-child policy. >> we have already seen some consequences. some of them are-point you already put your finger on the negate of them are- ive. you already put your finger on some of them. china is only in its infancy in terms of developing a nationw
that to me is a big issue. tavis: i spoke with a lot of kids in shanghai and beijing. there were some migrant kids who were getting a chance to get an education. there were also some well-to-do kids. many of them wounded mitt it and some would not. if you got them into an honest and authentic conversation, they would admit that they do feel the pressure. this single-child policy means that you are the only child, obviously. you have parents to take care when they get older and all of this...
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Jul 10, 2011
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we're talking big money. and doing something on social security and medicaid. it could all easily collapse, but for the first time, you have the leader of the country and a principal legislators at least looking at the possibility of doing the right thing. >> but the leader of the country has to lead. he has not yet. even though we have had the rumors and leaks that he is prepared to look at and to discuss, that is language he has used for two -- "i am happy to discuss --" is that the discussion time. it is crunch time. why have we not heard one proposal from the president? what are you going to do on medicare? >> it is such a certain argument we are having here brought some of us, a few of us, one of us maybe -- [laughter] has an idea that i-he would come to this, -- the idea that he would come to this, "come into my parlor, said the spider to fly." the republicans had their heads handed to them politically -- i am not saying they are substantively wrong -- they tidies debt reductions -- to the reductions -- tied it these debt reductions to the debt limit. i d
we're talking big money. and doing something on social security and medicaid. it could all easily collapse, but for the first time, you have the leader of the country and a principal legislators at least looking at the possibility of doing the right thing. >> but the leader of the country has to lead. he has not yet. even though we have had the rumors and leaks that he is prepared to look at and to discuss, that is language he has used for two -- "i am happy to discuss --" is...
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Jul 12, 2011
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i really think the government's too big. i think we're outside the bounds of the enumerated powers and i think the problem is too big government we need to put it on a very strict atkins' style diet and lose about six or eight inches in its waistband. but i don't agree with him when it comes to tax expenditures that are stupid and calling that a tax increase if you take away the direct payments to somebody to get the todo something they already have todo. so in philosophy i agree, we need a smaller government, a more limited government, a more effective vernment, but i think the idea of somebody outside of congress telling us what our tax policy would be is ludicrous. >> rose: (laughs) this is what... i should make a point that we invited senator durbin and senator conrad tonight as well a they'll appear hopefully later this week. this is what david brooks said, as you well know. "if the republican party were a normal party it would take advantage of this amazing moment. it is being offered trillions of dollars in spending c
i really think the government's too big. i think we're outside the bounds of the enumerated powers and i think the problem is too big government we need to put it on a very strict atkins' style diet and lose about six or eight inches in its waistband. but i don't agree with him when it comes to tax expenditures that are stupid and calling that a tax increase if you take away the direct payments to somebody to get the todo something they already have todo. so in philosophy i agree, we need a...
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Jul 17, 2011
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they were going to go for the big deal. it was boehner, unfortunately, who could not get past his own caucus, could not get past his own majority leader, who was playing to the base. they have people in the house of representatives who do not believe anything will happen if the debt ceiling is increased. that is the yahoo mentality, and they are dealing with it. by my colleague is trying to make a point about how you have a completed, compliant, growth accepting every leak out of the white house here we have been told that the president is prepared to make cuts in entitlements. name me one. >> jobs. a completed, compliant, supine press. i love that. >> i've got other additives, but we are short on time. >> the other day, abc news position cameras all around the country, and they call them soapboxes cameras. they invited people to say what they had to say about the debt ceiling. we put one of the month at the beginning of the program. people are very upset, even if they do not quite understand what the debt ceiling is. do we
they were going to go for the big deal. it was boehner, unfortunately, who could not get past his own caucus, could not get past his own majority leader, who was playing to the base. they have people in the house of representatives who do not believe anything will happen if the debt ceiling is increased. that is the yahoo mentality, and they are dealing with it. by my colleague is trying to make a point about how you have a completed, compliant, growth accepting every leak out of the white...
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Jul 26, 2011
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it's a big game. game, creepy, creepy, little game. >> judgmental. at the end of the night do i ask hem to come home with me. >> no, you tell them. they have no choice and they are so overjoyed to have had the opportunity to make sweet sweet love to you. oh, my god, you did. you miagi'd me. >> charlie: tell us about ryan gossling. >> he's obviously a great actor but i met with him for this part. i had a three-hour meeting and he became a friend of mine. >> charlie: the conversation was whether i would hire you for my movie. >> it's weird when you put it that way. but yeah he was somebody we were interested in playing the role and actually we worked togeth and i forgotten about this when i was a young teen we did a pilot together and didn't have scenes but we had worked together many many years before and he reminded me of that fact and he's just a good guy. he's vy very sweet and very kind with a huge heart and funny. that's what's going to surprise people. here's this guy that you know of as a very intense leading man and he is a great advisor in th
it's a big game. game, creepy, creepy, little game. >> judgmental. at the end of the night do i ask hem to come home with me. >> no, you tell them. they have no choice and they are so overjoyed to have had the opportunity to make sweet sweet love to you. oh, my god, you did. you miagi'd me. >> charlie: tell us about ryan gossling. >> he's obviously a great actor but i met with him for this part. i had a three-hour meeting and he became a friend of mine. >> charlie:...
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consumer company after big consumer company pulling their advertising from quoted news of the world," the commercial future -- from "news of the world," the commercial future was looking bleak. >> it is going to be investigated. there must be a full judicial inquiry. >> here is the other newspaper jewel acquired by rupert murdoch in 1969," the sun." could there be a sunday without a murdoch tabloid? unthinkable, surely. >> despite today's announcement, the fallout from the scandal seems to be far from over. scotland yard say they have identified 4000 possible hacking victims. an inquiry will start into possible wrongdoing by police officers. we have the latest on that part of the case. >> this famous newspaper titles may have been confined to history, but the scrutiny of its methods goes on. britain's most senior policeman has officers investigating whether other officers were bribed by journalists. >> a small group of officers may have engaged in these practices. i will determine to do what we should do, and that is proceed to criminal courts. >> a former employee told the court las
consumer company after big consumer company pulling their advertising from quoted news of the world," the commercial future -- from "news of the world," the commercial future was looking bleak. >> it is going to be investigated. there must be a full judicial inquiry. >> here is the other newspaper jewel acquired by rupert murdoch in 1969," the sun." could there be a sunday without a murdoch tabloid? unthinkable, surely. >> despite today's announcement,...
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Jul 23, 2011
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has the big deal turned into a big fizzle, pat buchanan? >> it has not, john. did it for awhile but now it is back, and we're talking about something close to adds 4 trillion deal. the president is deep in negotiations with boehner and cantor, and here are the terms. you raise the debt ceiling, at the same time there are 3 trillion in cuts, and they deal with social security and medicare. there is no revenue enhancement. however, you get together some kind of commission which what it does, john, it drops tax rates in return for giving away these deductions, exemptions, allowances, breaks, which in effect is pure reaganism. there's one problem with that. there's a penalty if nothing is done by the end of 2012 the old reagan tax rates for the wealthy go back into effect. john, there's possibly a big deal for this reason. there is weeping and gnashing of teeth in the democratic caucus, in the senate, and in the house over what obama is dealing with boehner. >> boehner's got his problems, too. >> well, boehner -- i think cantor is in on this deal, it appears. of co
has the big deal turned into a big fizzle, pat buchanan? >> it has not, john. did it for awhile but now it is back, and we're talking about something close to adds 4 trillion deal. the president is deep in negotiations with boehner and cantor, and here are the terms. you raise the debt ceiling, at the same time there are 3 trillion in cuts, and they deal with social security and medicare. there is no revenue enhancement. however, you get together some kind of commission which what it...
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and that means that we still have a big hole to fill. gwen: who is in that big hole? and why is it that month after month, and after month, it never seems to get more shallow? >> let's go back a little ways. a few months ago, the economy seemed to be having a nice head of steam. we were seeing very strong job growth numbers of 200,000 per month. and suddenly everything seemed to hit a wall. we've had a run of bad luck. we had very bad snowstorms earlier this year, a series of natural disasters here. the big hit came from gasoline prices that shot up to around $4 for gasoline because of the libyan rebellion. and finally the japanese earthquake and tsunami turned out to be a much bigger negative for us than we may have appreciated. because it cut off the flow of vital parts. put all those things together and it cost a lot of momentum. may very poor job numbers and in june, very poor job numbers. it was kind of surprising because in fact over the last few weeks, we had a wave of optimism because some of those tempering negatives seemed to be going away. as gasoline price
and that means that we still have a big hole to fill. gwen: who is in that big hole? and why is it that month after month, and after month, it never seems to get more shallow? >> let's go back a little ways. a few months ago, the economy seemed to be having a nice head of steam. we were seeing very strong job growth numbers of 200,000 per month. and suddenly everything seemed to hit a wall. we've had a run of bad luck. we had very bad snowstorms earlier this year, a series of natural...